Neo Performance Materials Inc. (TSX:NEO) is pleased to announce the publication of a new Sustainability Report which provides information to shareholders, customers, industry partners, employees, and stakeholders on the Company’s environmental, social, and governance performance in 2022.
Neo Magnequench, a division of Neo Performance Materials Inc. (“Neo” or the “Company”) (TSX: NEO), is pleased to announce the launch of its new first rare earth magnet manufacturing facility in Europe. Based in Narva, Estonia, the plant expects to support the development of about 1.5 million electric cars by 2025. Additional applications include wind turbine manufacturing and other clean transportation, and energy solutions.
Neo Performance Materials and Hudson Resources advance the Greenland Sarfartoq rare earth project after receiving government approval for license transfer.
Neo has been awarded a grant of up to 18.7 million Euros from the Government of Estonia under Europe’s Just Transition Fund to help pay for the cost of constructing a state-of-the-art sintered rare earth permanent magnet manufacturing facility in Estonia.
Neo announces the publication of its inaugural Sustainability Report which provides information to shareholders, customers, industry partners, employees, and stakeholders on the Company’s environmental, social, and governance performance in 2021.
Neo’s European rare earth and rare metal processing facility in Estonia – the only operating commercial rare earth separations and rare metal processing plant in the European Union – has been awarded a Gold Medal by EcoVadis for its 2021 sustainability programs.
Two Neo Magnequench facilities earn gold and silver medals from EcoVadis for their 2021 sustainability performance.
Neo has become a participant in the United Nations Global Compact, the world’s largest corporate sustainability initiative, and has committed to implementing the Global Compact’s 10 Principles on human rights, labour, environment and anti-corruption.
In this newly released video, Neo’s Constantine Karayannopoulos expounds on the business strategy behind the launch of a new rare earth supply chain to feed Neo’s Silmet processing facility in Estonia, the only commercial rare earth processing facility in Europe.
Physical shipment of commercial quantities of rare earths from Energy Fuels’ White Mesa Mill in Utah to Neo Performance Materials’ plant in Estonia represents
